According to CelticsLife.com, Miami television station WSVN tweeted that Ray Allen and the Miami Heat had agreed to a three-year contract worth $11 million. The tweet was later deleted by the news station, and WSVN apologized for the tweet.

Shortly after, the Heat tweeted that the source of the misinformation was a fake Twitter account falsely attributed to Adrian Wojnarowski, a well-respected Yahoo! NBA Insider. The team noted in its tweet that it can only offer Allen $9 million for three years (the taxpayer's mid-level exception), as opposed to the reported pseudo deal for $11 million.

Now, before we jump to conclusions, this does not necessarily mean that Allen to the Heat is a done deal. However, all signs seem to be pointing in that direction.

Though the Heat seem to have emerged as the favorites to land Allen, there is still the off chance that the Celtics may be able to swoop in and enamor the coveted shooting guard with a more suitable deal.

The Boston Herald's Steve Bulpett reports that the Celtics may be willing to sweeten the pot of their two-year, $12 million offer by including a no-trade clause or a trade kicker, which would grant Allen a substantial raise in the event that the team trades him.

However, the chance to play with a team fresh off an NBA championship may prove too much for Allen to resist.

Also, the Heat are offering Allen one more year than the Celtics. This could be a deal-breaker, as it is unclear if the Celtics are willing to match the length of the Heat's three-year offer.

As the end of the moratorium approaches, it looks more and more like Miami will have Allen signing on the dotted line come July 11.

For now, all that Celtics Nation and Heat Nation can do is await Allen's decision—Beantown or South Beach?